We get the same questions from almost every customer when they want to finance a car. We wanted to help the process along by attempting to answer some of the in advance. If you have any more questions please use the contact form.
How much down payment will I need?
That is the most asked question we get. This completely depends on the type of credit you have and what you want your payment to be. I can tell you that the average down payment on vehicles sold at Mimi's is $1800. We sell a large amount of vehicles with as little as ZERO DOWN. Down payments are encouraged because banks view them as a commitment on the long term purchase of the vehicle. The more money down, the easier it is for approval and the shorter the term will be.
Do you finance people with bad credit?
YES. Less then perfect credit is our specialty. We have several lenders that we have built long relationships with that will lend money to people that other dealerships cannot. We can get anyone approved in a vehicle. I would say more then half the people are suprised about the interest rate and deal they get even with less then perfect credit. The two biggest stipulations are you cannot be in an open bankruptcy, and you have to have a Connecticut drivers license. Everything else goes.
What if I have good credit?
We have excellent programs for people with excellent credit. Rates as low as 4.74% are available through our private credit union sources and banks such as Wachovia, M&T Credit and CHASE Bank. We are also a direct lender with Sikorsky Federal Credit Union and belong to the CUDL group of Connecticut area credit unions.
How do I get started?
Click on financing above to fill out our online application.
